Johnson Outdoors Sees Q4 Revenues Halved as Fishing Sinks
Delta Apparel Posts Wider Fiscal Q4 Loss as Sales Fall 21 Percent
EXEC: Sportsman’s Warehouse Q3 Comps Fall Double-Digits, But Gun Sales Grow In October
EXEC: Stifel Survey Finds Consumers Prioritize Price/Value Over Sustainability
Sporting Goods Industry Mourns the Passing of Jim Easton
SGB Update
Rapala VMC Lays Out Key Priorities in Three-Year Strategic Plan
The company said a new management team, along with other key managers, will focus on implementing the new strategic plan. An important part of the implementation process are projects that focus on improving profitability and working capital management.
Rapala VMC Promotes Five to Global Management Team
The Finland-based fishing gear company has made a number of key appointments to the company’s Global Management Team and appointed its current CFO to chief operating officer.
NRF: Imports Peaked in October, Volume Expected to Increase in 2024
Inbound cargo volume at the major container ports in the U.S. will continue to slow during the final weeks of 2023 after peaking later than expected in the fall, according to the Global Port Tracker* report released by the NRF and Hackett Associates.
SGB Executive
EXEC: Sports Direct Gets Fiscal H1 Boost from New Brands
Frasers Group reported retail revenue increased 4.0 percent in the first half ended October 29 to £2.69 billion ($3.4 bn), helped by a “strong underlying performance” from Sports Direct due in part to the addition of new brands, including On Running, The North Face, Columbia Sportswear and Salomon.
EXEC: Sportsman’s Warehouse Q3 Comps Fall Double-Digits, But Gun Sales Grow In October
CEO Paul Stone told analysts that an uptick in firearms and ammunition sales tied to the Israel/Hamas war drove the quarter’s beat. However, he also indicated that overall results continued to be pressured by “the difficult microenvironment continuing to pressure consumer discretionary spend.”
EXEC: Stifel Survey Finds Consumers Prioritize Price/Value Over Sustainability
The survey, which was conducted in partnership with Morning Consult, surveyed active/causal lifestyle brand consumers ages 18 to 55 based in the U.S., UK, Germany, France, and Italy. It found that only one-third of respondents “Highly Prioritize” sustainability when making purchasing decisions, compared to other factors like “Good Value” (68 percent) and “Low Price” (57 percent).
